Brace for a “bumpy” landing

RBC Quarterly Macroeconomic Outlook

RBC Economics presents an in-depth analysis of the key drivers of economic activity in Canada and the US, including global factors that will affect near-term forecasts.

Key highlights

  • Inflation may have peaked—but won’t ease fully without softer consumer demand
  • Central banks are willing to cause near-term pain to avoid larger medium-term risks
  • Pandemic-battered services sector is expected to cushion the 2023 downturn
  • Labour market strength will delay, not prevent, a downturn
  • Strong business investment and high commodity prices provide silver linings


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For more information, please contact your RBC Investor & Treasury Services representative.


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